Marion Regional Medical Center
Hamilton, Marion County, AL
· CCN 010044
Licensed to Marion Regional Medical Center, Inc.
Composite
56.7
rank score
Distress
85
FY2023
Fit
46
vs thesis
Estimated ticket
$2.5M–$5.0M
36 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 30-60 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $18.6M |
| Operating margin | -24.7% |
| Total margin | -21.8% |
| Days cash on hand | 35 |
| Current ratio | 0.63 |
| Occupancy | 22% |
Facility
| Beds | 36 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 36 | $16.8M | $-4.6M | -44.9% | -23.5% | 16 | 0.10 | 21% | 388 | 100 |
| 2021 | 36 | $18.7M | $-2.4M | -19.9% | -11.8% | 8 | 0.27 | 19% | 370 | 100 |
| 2022 | 36 | $19.7M | $-303K | -11.0% | -1.4% | 25 | 0.13 | 22% | 289 | 91 |
| 2023 | 36 | $18.6M | $-4.1M | -24.7% | -21.8% | 35 | 0.63 | 22% | 259 | 85 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Belinda Mcrae | corporate director | 2022-08 | ||
| Bobby Walace | corporate director | 2011-11 | ||
| Bruce Toppin | corporate officer | 2000-10 | ||
| Bruce Toppin | corporate director | 2000-10 | ||
| Bruce Toppin | w-2 managing employee | 2000-10 | ||
| Clyde Nix | corporate director | 2011-11 | ||
| Freemon Nixon | corporate director | 2022-08 | ||
| Michael Spees | operational/managerial control | 2014-02 | ||
| North Mississippi Health Services Inc | 5% or greater direct ownership interest | 2000-10 | ||
| Robert Trimm | w-2 managing employee | 2020-10 | ||
| Sharon Nobles | corporate officer | 2017-04 | ||
| Waymon Frederick | corporate director | 2022-08 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in AL
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2025-08-01 | University Of Alabama At Birmingham | Uab Callahan Eye Hospital Authority | University Of Alabama Hospital | 1,149 |
| 2025-05-01 | Marion Regional Health - Winfield, Inc. | Northwest Medical Center Inc. | Northwest Medical Center | 28 |
| 2024-09-30 | City Of Jackson Healthcare Authority | Jackson Medical Center, Llc | Jackson Medical Center | 35 |
| 2024-04-01 | Hh Health System - Dekalb Llc | Fort Payne Hospital Corporation | Dekalb Regional Medical Center | 97 |
| 2023-10-01 | Usa Health Hca Providence Hospital Llc | Providence Hospital | Providence Hospital | 349 |
| 2021-10-01 | Hh Health System - Jackson Llc | Jackson County Health Care Authority | Highlands Medical Center | 45 |
| 2018-06-01 | Floyd Cherokee Medical Center Llc | Centre Hospital Corporation | Cherokee Medical Center | 45 |
| 2017-11-01 | The Health Care Authority Of The... | Greenville Hospital Corporation | Regional Medical Ctr Of Central Al | 44 |
| 2016-01-01 | Hh-Health System - Athens Limestone Llc | Healthcare Authority Of Athens And... | Athens Limestone | 66 |